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>>> from the cnn newsroom in new york, i'm ali velshi. this is your money. business leaders relent on higher taxes for the rich. banks, too big to jail. america's energy boom and prices at the pump. and the fastest internet speed out there, all that coming up. but first, your money is getting cheaper every day. here's why. the federal reserve is like a car with no steering wheel, has a gas pedal and brakes. to apply the gas to the economy, the fed lowers interest rates making it cheaper for companies and individuals to borrow money that they can then spend or invest, hopefully in ways that stimulate the economy. four years ago the fed lowered its rates to near zero, that puts the prime rate which is always 3 percentage points higher at about 3%. still, the economy didn't move at a good enough clip, so the fed turned to other options. the latest was what was come to known as qe-3 or the third installment of quantitative easing. that's just a fancy way of saying they're printing more money to get into the system, a lot more money, rather than just swapping exi
>>> from the cnn newsroom in new york, i'm ali velshi. this is your money. business leaders relent on higher taxes for the rich. banks, too big to jail. america's energy boom and prices at the pump. and the fastest internet speed out there, all that coming up. but first, your money is getting cheaper every day. here's why. the federal reserve is like a car with no steering wheel, has a gas pedal and brakes. to apply the gas to the economy, the fed lowers interest rates making it...
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it will give delta a bigger share of the new york-to-london flights. branson tweeted the partnership will allow virgin atlantic to give british airways and american airlines a real run for their money. richard branson not afraid to take on the competition or a controversial issue, including the legalization of drugs that he supports. i asked him about the recent votes in colorado and washington state that legalized marijuana use. here's how he weighed in. you made some news about two states that are legalizing marijuana. you believe that this eventally is inevitable and will happen. tell me why. >> i'm on a global commission of drugs. we spent two years examining the war on drugs. it's bean absolutely apparent to us in the 50 years since the united nations got together to try to, you know, create this war that it's failed. so what the commission is saying, please try different approaches. and on an immediate basis please stop locking up our children, our brothers and sisters. that's not the way to help them. if they have a drug problem, put them throug
it will give delta a bigger share of the new york-to-london flights. branson tweeted the partnership will allow virgin atlantic to give british airways and american airlines a real run for their money. richard branson not afraid to take on the competition or a controversial issue, including the legalization of drugs that he supports. i asked him about the recent votes in colorado and washington state that legalized marijuana use. here's how he weighed in. you made some news about two states...
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Dec 12, 2012
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. >> a brief time ago, i discussed the case in new york. are they turning a blind eye to this alleged money-laundering? >> i think what happened is that the company was involved in sinbad housekeeping. they were very neglectful to the point that systematically, for several years, they failed to keep a close eye on who they were doing business with. in particular, in the case of money coming in mexico into the united states, they did not really ask any questions about why why there would be so many transfers and cash. the flow of money kept increasing at a time when a number of people working in the compliance office was decreasing. separately, we saw examples of the bank stripping details for who these transfers of money were coming from, making it virtually impossible that in some cases were countries sanctioned by america. >> another british bank reaching a settlement, a similar claims in the case of transferring money such as iran and sudan. those involved were considerably less that that is why it was shocking in some sense, because the
. >> a brief time ago, i discussed the case in new york. are they turning a blind eye to this alleged money-laundering? >> i think what happened is that the company was involved in sinbad housekeeping. they were very neglectful to the point that systematically, for several years, they failed to keep a close eye on who they were doing business with. in particular, in the case of money coming in mexico into the united states, they did not really ask any questions about why why there...
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>> from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," december 11th, 2012. >> good evening. i'm bill weir. the line to see santa was growing and a children's choir was scheduled to see carols in a mall outside portland, oregon, tonight. but when as many as 60 shots rang out, the scene turned into terrified chaos. witnesses say a gunman wearing a mask and camouflage was behind the deadly attack and abc's david wright has the latest details. >> reporter: a shopping mall at christmas time is supposed to be safe. so today when witnesses first heard loud pops near the food court of this portland area mall, some thought it was bursting balloons. >> we thought it was balloons. and then we saw little fire thingies. >> like lights. >> reporter: and then the screaming and everyone knew it was something far worse. >> all of a sudden we heard big bang. we covered our ears and then we got down. and then all of a sudden a matter of five seconds later, we heard rapid fire, bang, bang, bang, bang, bang, and i just took off run
>> from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," december 11th, 2012. >> good evening. i'm bill weir. the line to see santa was growing and a children's choir was scheduled to see carols in a mall outside portland, oregon, tonight. but when as many as 60 shots rang out, the scene turned into terrified chaos. witnesses say a gunman wearing a mask and camouflage was behind the deadly attack and...
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. >> how much is that in new york? >> 100 yuans to the dollar. >> so five cents. >> most people use six-month passes for about 100 yuan. >> so a dollar? >> yes. very cheap. that's a pretty good deal. we're moving now. it's pretty smooth. >> but sometimes it goes dark. electricity shortages are always a problem in north korea. we went to this high school where the students were in cold classrooms with overcoats. so cold you could see their breath. the rooms were not well-lit. all right. here we are, this is the square, as you can see, it's huge. it's magnificent and they often have events here which is totally understandable. these are all government buildings over here. you can see the foreign ministry and then see this marvelous structure over here. this is a brisk, cold day on this friday here in pyongyang. but it's nice. there's not a whole lot of traffic here. it's icy. the streets are snowy. i see a lot of people shoveling and there you see the communist government. you see lennon, you see marx. it's brisk, it's l
. >> how much is that in new york? >> 100 yuans to the dollar. >> so five cents. >> most people use six-month passes for about 100 yuan. >> so a dollar? >> yes. very cheap. that's a pretty good deal. we're moving now. it's pretty smooth. >> but sometimes it goes dark. electricity shortages are always a problem in north korea. we went to this high school where the students were in cold classrooms with overcoats. so cold you could see their breath. the...
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around new york city despite all of them having the necessary permits for construction. now the news from brooklyn. that is this about? >>guest: well, there are e monuments in a bad economy. a finish which is one of several hundrednd at the city like that where the construction just stops. the workers are one day and suddenly they never show up again and they are e and quiet for years. this is a legacy of the 2008 financial crisis having to do with long-term institutional borrowing and lending and that is a problem. look at the numbers: 691 inactive sites up 17 percent in new york city since february. 45 percent dormant since 1999. it is run out of money or a combination of running out or fought having enough sales or the market for rentals does not appear to be strong enough to justify completion. >>guest: the american institute of architects are putting together developers with investors to bypass the banks but it is not a new problem. 1976 there was a big recession, manhattan, vacant lots and i shot this footage, 35 years ago the bust should be followed by a boom, and
around new york city despite all of them having the necessary permits for construction. now the news from brooklyn. that is this about? >>guest: well, there are e monuments in a bad economy. a finish which is one of several hundrednd at the city like that where the construction just stops. the workers are one day and suddenly they never show up again and they are e and quiet for years. this is a legacy of the 2008 financial crisis having to do with long-term institutional borrowing and...
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ballots of new york. knicks and net in brooklyn. nets jumped tout an early 26-9 lead. after johnson buried this 3 ball. knicks scratching claw their way back in game nd
ballots of new york. knicks and net in brooklyn. nets jumped tout an early 26-9 lead. after johnson buried this 3 ball. knicks scratching claw their way back in game nd
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you may say in new york missouri. stuart: go ahead, tell me why the price is so low in missouri. >> it's down to a 2 handle for two reasons. low gas taxes and proximity to gulf coast refining. so they have two advantages that they have that nobody else really has. stuart: am i right in saying that the trend all across the country is down and quite sharply so? >> i believe so. i think just about every state is looking at pretty nice declines now. the great lakes is dropping very low and they may see a bit of a price spike. that's normal for them. but national average still does lag last year, so while everybody is feeling all great about gas prices going down, stuart, i'm a little bit of a grinch by telling everybody prices are still higher than last year. stuart: we have talked about this before. we have established a new normal. prices spike, get up to 4 bucks, then they come back down, but they settle higher than where they settled previously. so you've got a new normal which keeps on going up. is that right? >> tha
you may say in new york missouri. stuart: go ahead, tell me why the price is so low in missouri. >> it's down to a 2 handle for two reasons. low gas taxes and proximity to gulf coast refining. so they have two advantages that they have that nobody else really has. stuart: am i right in saying that the trend all across the country is down and quite sharply so? >> i believe so. i think just about every state is looking at pretty nice declines now. the great lakes is dropping very low...
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brian ross, abc news, new york. >>> in other news, women are not climbing to the top of american corporate ladders, according to the latest survey from "fortune" magazine. there's been no growth in the women of color in board rooms. women hold only 8% of the top earning positions in the country. 8%. for the fifth year in a row, "forbes" reports more than two-thirds of the biggest companies have no women of color serving on the board. "forbes" is developing a list of women ready for such positions. perhaps even binders full of them. >> touche. >>> now to london. >> this is what londoners saw yesterday. a giant rubber ducky floating on the river. they even had to open up the famous tower bridge to let the ducky through. >> it was a stunt put on by a gambling website, meant to promote a program to get londoners to smile more. >> oh, man. >> is there a smiling deficit in london? >> i wonder if it glows in the dark like my rubber ducky at home. >> look at that thing. >> is it big enough for your bathtub? >>> coming up next, president obama's comments on syria and the fiscal cliff made headlines
brian ross, abc news, new york. >>> in other news, women are not climbing to the top of american corporate ladders, according to the latest survey from "fortune" magazine. there's been no growth in the women of color in board rooms. women hold only 8% of the top earning positions in the country. 8%. for the fifth year in a row, "forbes" reports more than two-thirds of the biggest companies have no women of color serving on the board. "forbes" is developing...
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. >> plus a crowning moment for the one world trade center building in new york city. >> and a natural gas explosion leaving a monster hole in a highway. the damage it did to several homes. ,,,, ♪ ♪ ♪ ♪ [ female announcer ] may your holidays be merry and bright. re-opened a few minutes ago after a natural gas line explosion shut it down. >>> check it out a highway in west virginia just reopened a few minutes ago after a natural gas line explosion shut it down. the 20" transmission line exploded around 1:00 yesterday. it destroyed at least five homes and shut down part of interstate 77. flames reached up to 75 feet high. several people there were treated for smoke inhalation. the cause is still under investigation. they got a wrap on it but quite some video. >>> new milestone for the world trade center high-rise its crowning spir on site. this is a live look. once the spire is on top of one world trade the building will stand at 1776 feet. it's set to become the tallest building if the western hemisphere. crews are expected to take about three months for the installation. the hi
. >> plus a crowning moment for the one world trade center building in new york city. >> and a natural gas explosion leaving a monster hole in a highway. the damage it did to several homes. ,,,, ♪ ♪ ♪ ♪ [ female announcer ] may your holidays be merry and bright. re-opened a few minutes ago after a natural gas line explosion shut it down. >>> check it out a highway in west virginia just reopened a few minutes ago after a natural gas line explosion shut it down. the...
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new york ranks number 2 at $56,000. and new jersey right behind at $54,000. then there are the extreme examples. bloomberg reports one prison psychiatrist made more than $800,000 last year and a chp division chief retired with more than $483,000 with salary, pension and other exceptions. >> that's a lot. >> reporter: reaction on the street today was unanimous. >> definitely something should be done about that. >> even if those examples are not representative of the broader state employee population, it's the kind of thing that leaves a mark and resonates with the voters. >> reporter: at usc's unruh institute of politics, a professor points out this story comes just one month after california voters were convinced the state was so broke, that a tax increase was necessary to pay for the beleaguered public school system. >> next time there's an initiative on the ballot here in los angeles or statewide, or the next time a viewer sees a story on your station about public employee benefits, they are going to remember this story. that's going to make them that much
new york ranks number 2 at $56,000. and new jersey right behind at $54,000. then there are the extreme examples. bloomberg reports one prison psychiatrist made more than $800,000 last year and a chp division chief retired with more than $483,000 with salary, pension and other exceptions. >> that's a lot. >> reporter: reaction on the street today was unanimous. >> definitely something should be done about that. >> even if those examples are not representative of the...
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jenna: we have some breaking news out of syria we want to share with you first reported by "the new york times" and looks like we also confirmed it here at fox. we're just hearing according to obama administration officials the assad regime there fighting for its survival amid this civil war in this country, the assad regime is now using scud missiles at rebel fighters and apparently the administration says this has been happening for a few different days. the reason why scud missiles are important and certainly a powerful reason, because scud missiles can carry chemical weapons. as we reported to you this week the president has been very clear, president obama, that if syria uses chemical weapons, that is a game-changer for the united states. what that means for us we won't know. we don't have specifics on but that is just the report now coming into our newsroom. the assad regime using scud missiles at rebel fighters. no word on casualties by the way and no evidence of chemical weapons being used as well but an important, perhaps switch to this conflict that's now been ongoing for 21 mo
jenna: we have some breaking news out of syria we want to share with you first reported by "the new york times" and looks like we also confirmed it here at fox. we're just hearing according to obama administration officials the assad regime there fighting for its survival amid this civil war in this country, the assad regime is now using scud missiles at rebel fighters and apparently the administration says this has been happening for a few different days. the reason why scud missiles...
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in my hometown of western new york -- wore clefter, new york, there are 99 bridges -- worcester, new york, there are 99 bridges that are structurally deficient. cars drive on the bridges, carrying our families, that are structurally deefficient -- deficient. this is pathetic. the electricity grid in this nation ranks 32nd in the world in reliability, an embarrassment. the united states chamber of commerce, that should be leading this effort, that should be leading this effort to invest in the american infrastructure by investing in american businesses and investing in american workers, says that we lose, because of the poor quality of our infrastructure, $336 billion in lost growth over the next five years alone. the united states department of transportation says that freight, train, bottle necks cost our economy $200 billion a year or 1% of our economy. the federal aviation administration, air traffic delays cost $33 billion last year. we need to double spending on ports by the year 2020 or lose, or lose another $270 billion in exports. china, keep complaining about china, but you
in my hometown of western new york -- wore clefter, new york, there are 99 bridges -- worcester, new york, there are 99 bridges that are structurally deficient. cars drive on the bridges, carrying our families, that are structurally deefficient -- deficient. this is pathetic. the electricity grid in this nation ranks 32nd in the world in reliability, an embarrassment. the united states chamber of commerce, that should be leading this effort, that should be leading this effort to invest in the...
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the lawyer for the man charged with pushing another man onto a new york subway track right in front of a train says his clients wednesday actions may have been justified. the lawyer for naeem davis say there's reports that the man who died smelled like alcohol and was staggering and following davis. >> lawyer says it appears that davis pushed the -- pushed the man to get away from him and apparently pushed too hard and the man fell on the subway platform. davis is charged with second- degree murder. >>> a mailman spotted a pipe bomb in the front yard of a house in oklahoma. that neighborhood was evacuated and the pipe bomb was disabled. but just a day earlier, police found and disabled two pipe bombs found under a truck at an oklahoma city trucking company. police don't believe the incidents are random but they are still investigating. >>> $5,000 is peaking offered as a reward to catch the person who attacked a campus police officer at diablo county college. last week, officer gains was hit in the face by a metal object. she was taken to the hospital but later returned to the campus to
the lawyer for the man charged with pushing another man onto a new york subway track right in front of a train says his clients wednesday actions may have been justified. the lawyer for naeem davis say there's reports that the man who died smelled like alcohol and was staggering and following davis. >> lawyer says it appears that davis pushed the -- pushed the man to get away from him and apparently pushed too hard and the man fell on the subway platform. davis is charged with second-...
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new york state or something. yeah. california. it's easy. >> that's insane. >> i have a question. are those two anchors, are they pout part of a union a broadcasters' union? >> an interesting question. >> at fox news i doubt it. >> i don't know. >> i honestly don't know. let's let's say a quick hello to joey out in. joey, what have you got? >> good morning, bill. good morning, guys. i think this is good for us. >> bill: why? >> caller: the republican is childlike in the way they go about their business. they do everything in secret and, you know, what they did was they woke a sleeping giant. i really mean it. i don't think labor is going to stand for this and i guarantee it's going to turn around to bite them in the ass, bill >> bill: yessey i hope you are right. eric, it could very well. you know, we had a mixed record. we did in hoy. so it's not automatic if you take it to the people, you win. but it certainly, i think if you take it to the people with a good campaign and all of the right resources and the right message action you can win. all right. a lot of campaigns here orga
new york state or something. yeah. california. it's easy. >> that's insane. >> i have a question. are those two anchors, are they pout part of a union a broadcasters' union? >> an interesting question. >> at fox news i doubt it. >> i don't know. >> i honestly don't know. let's let's say a quick hello to joey out in. joey, what have you got? >> good morning, bill. good morning, guys. i think this is good for us. >> bill: why? >> caller: the...
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this is bailey and bondy from new york piper was the [kwro-upg]er one. this is my family. my youngest son gauge putting the finishing touches on the ginger bread house. hekeep sending in the card and photos . have a great day. "fox and friends" starts right now. have a good day. >> gretchen: good morning, everybody. today is wednesday december 12, 12, 12, 12. i am gretchen carlson. folks news alert. we now know who the gunman is who shot up a mall full of christmas shorps . three people have died. we will have a live witness. >> steve: and a new tone set by democrats and it looks like this. a folks news contributor gets beaten up by a pro union protestors. steven crowder is live here to explain what happened in michigan. kaboom. >> brian: first we called him an owner and then a governor and then mr. president . soon someone might be able to call him grandpa. "fox and friends" will have that story. it starts now. ♪ "fox and friends". >> gretchen: good morning, everybody. we'll start with a folks news alert. breaking newings. witnesses say he stormed in a portland, oregon
this is bailey and bondy from new york piper was the [kwro-upg]er one. this is my family. my youngest son gauge putting the finishing touches on the ginger bread house. hekeep sending in the card and photos . have a great day. "fox and friends" starts right now. have a good day. >> gretchen: good morning, everybody. today is wednesday december 12, 12, 12, 12. i am gretchen carlson. folks news alert. we now know who the gunman is who shot up a mall full of christmas shorps ....